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the gbpusd is still following the support/resistance level beautifully - is anyone seeing this?
on another note, the usdjpy finally showing melt-down signs; i'm expecting it to have a sharp and quick drop once it breaks completely.
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on another note, take a look at how price moves between support and resistance:
<a href='http://www.myfxbook.com/files/biz0101/72.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/72.png'/></a>
pure price action, no indicators.
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i'm really surprised how the usdjpy is still holding it's levels, trading in a tight range while all of the other usd pairs are all over the place.
i think once it breaks, the move will be very strong. i'm still short usdjpy, so think it should break downwards.
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although exited, the price movement was nearly perfect [sad]
<a href='http://www.myfxbook.com/files/biz0101/71.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/71.png'/></a>
too bad i exited the trade early..
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closed the gbusd for 20 pips profit.
the usd is gaining on all other pairs, so it doesn't look like a good direction to trade with.
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trying a long gbpusd:
<a href='http://www.myfxbook.com/files/biz0101/70.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/70.png'/></a>
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the usdjpy pair just doesn't want to go any lower.. the usd is still losing grounds on the other pairs so i'm still positive it should go lower.
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[quote]robw135 posted:
Hi
Does anyone know of an RSI indicator or EA that would look at all the time frames of each pair on a platform and display the RSI or other indicator value in a separate window in a table form.
thanks
[/quote]
i do not know of one, but it should be pretty easy to create if you're familiar with mql.
on another note, usd is showing weakness across the board, so i'm expecting the usdjpy to start dropping soon.
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starting to see some weakness in the usd so re-entered short usdjpy:
<a href='http://www.myfxbook.com/files/biz0101/69.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/69.png'/></a>
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nicely done!
i've dropped all of the indicators since i don't see any better results when using them, in fact, they often filter out good setups.
here's a setup developing in gbpusd:
<a href='http://www.myfxbook.com/files/biz0101/68.png' target='_blank'><img src='http://www.myfxbook.com/files/biz0101/68.png'/></a>
the is starting to break the channel - what i'm looking for is a bit more downward movement, then a retrace to the old support which where i will look to open a short position (circled).
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